The typical asking rate per listing is in the $20's per square foot per year. The Music Row submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $23 per sqft per year.
Compared to the rest of the Nashville market, the Music Row submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,260 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this region were built in 1981 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Music Row occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.